Playing Acquisition Rumors
Last week…
Rumors from the Financial Times hinted about a possible takeover bid by Uber (who now wants to evolve themselves from a ride-sharing technology app into more of an “everything app”) started to perk up shares of Expedia Group (EXPE).
As a quick refresher, Expedia Group is an online travel company that operates various travel products and services such as Hotels.com, Vrbo, Orbitz, Travelocity, Wotif Group, CheapTickets, Hotwire.com and CarRentals.com.
As you may have noticed, travel demand has been quite strong lately.
I have to tell you… I’ve been traveling a lot lately (Cape Cod, Vegas, Italy, etc), and at every hotel, airport, and restaurant, the demand is booming.
Airports are jam packed. Flights are full. Tables at restaurants are occupied.
The risk of recession seems in the far distance, but of course, anything can happen. However, consumers are spending on travel, which could be a theme as we head into the end of the calendar year.
If there was any company who could quickly propel Uber into the entire travel sector, its’ Expedia.
YOUR ACTION PLAN
Inside The War Room, we just hit a winner this morning playing a quick upside call speculation on EXPE.
Going forward, EXPE represents a buy on any pullbacks – all as the UBER takeover rumors continue to stir in the background.
Want to get in on the action?
Click here to learn more about The War Room.
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